Tencent Holdings Ltd.

Alibaba Group Holding Ltd. posted profit that beat analysts’ estimates in its first earnings report as a public company, with increased shopping traffic and mobile spending in China generating more advertising.

Emerging-market stocks climbed for a fourth day as President Vladimir Putin said Russia will do all it can to end the Ukraine conflict, spurring speculation tension will ease. The ruble and South Korean won advanced.

U.S. and European stocks slid, the euro weakened and commodities declined after data showed an unexpected contraction in German manufacturing and Cyprus’s president worked on a new plan to obtain a European bailout.